Gold prices rose significantly in the last few days and peaked at $1410 an ounce. And now, there appears to be a recent bearish cross on the daily chart’s Stochastic (slow), highlighting significant downward momentum building on this commodity’s price. In addition, the Williams Percent Range and Relative Strength Index have the price floating in the over-bought region, suggesting that more pressure is on the way. Forex traders may want to take this opportunity to catch the downward correction on gold, which appears to be imminent.